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Asia
Briefs

Updated Dec. 22, 1999 4:09 a.m. ET

GE Cancels Power Plant Parts Order with Hanjung

General Electric has canceled a power plant manufacturing order with Korea Heavy Industries & Construction because of labor unrest at the state-run South Korean company, an official from the Ministry of Commerce, Industry and Energy told reporters. GE is worried that the ongoing labor dispute at Hanjung will delay the delivery of parts and equipment, the official said. The Hanjung labor union has been on strike since November because they oppose the government's plan to privatize the company, which would include selling the government's stake to a third party. The...